ORIX (FRA:OIXA) Cyclically Adjusted PB Ratio: 2.14 (As of Jul. 29, 2026) — 84% Above Median

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FRA:OIXA ORIX Corp FRA:OIXA
71 GF Score
Price €33.60
GF Value €26.81
Valuation Modestly Overvalued
! 7 Warning Signs
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What is ORIX Cyclically Adjusted PB Ratio?

ORIX FRA:OIXA -2.89% 71 Cyclically Adjusted PB Ratio is 2.14 as of Jul. 29, 2026, which is 84% above its 10-year median of 1.16. GuruFocus rates FRA:OIXA with a GF Score™ of 71/100 and a GF Value™ of €26.81 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 94 Diversified Financial Services companies, ORIX ranks worse than 67.02% on this metric.

As of today (2026-07-29), ORIX's current share price is €33.60. ORIX's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €15.69. ORIX's Cyclically Adjusted PB Ratio for today is 2.14.

The historical rank and industry rank for ORIX's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:OIXA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.65   Med: 1.16   Max: 2.22
Current: 2.18

During the past years, ORIX's highest Cyclically Adjusted PB Ratio was 2.22. The lowest was 0.65. And the median was 1.16.

FRA:OIXA's Cyclically Adjusted PB Ratio is ranked worse than
67.02% of 94 companies
in the Diversified Financial Services industry
Industry Median: 1.47 vs FRA:OIXA: 2.18

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

ORIX's adjusted book value per share data for the three months ended in Mar. 2026 was €22.242. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €15.69 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


ORIX  (FRA:OIXA) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


ORIX Cyclically Adjusted PB Ratio Related Terms


ORIX Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ORIX's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

ORIX Cyclically Adjusted PB Ratio Chart

ORIX Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.23 0.99 1.36 1.14 1.57

ORIX Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.14 1.18 1.38 1.57 1.57

FRA:OIXA vs FRHC, VOYA: Cyclically Adjusted PB Ratio Comparison

For the Financial Conglomerates subindustry, ORIX's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ORIX Cyclically Adjusted PB Ratio vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, ORIX's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where ORIX's Cyclically Adjusted PB Ratio falls into.


FRA:OIXA
71GF Score
ORIX Corp FRA:OIXA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ORIX Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

ORIX's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=33.60/15.69
=2.14

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

ORIX's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, ORIX's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=22.242/112.7000*112.7000
=22.242

Current CPI (Mar. 2026) = 112.7000.

ORIX Quarterly Data

Book Value per Share CPI Adj_Book
201606 15.011 98.100 17.245
201609 15.819 98.000 18.192
201612 15.238 98.400 17.452
201703 15.941 98.100 18.313
201706 15.842 98.500 18.126
201709 15.456 98.800 17.630
201712 15.577 99.400 17.661
201803 16.027 99.200 18.208
201806 16.456 99.200 18.695
201809 16.748 99.900 18.894
201812 17.221 99.700 19.466
201903 18.023 99.700 20.373
201906 18.445 99.800 20.829
201909 19.512 100.100 21.968
201912 19.472 100.500 21.836
202003 20.059 100.300 22.539
202006 19.418 99.900 21.906
202009 19.202 99.900 21.662
202012 19.032 99.300 21.600
202103 19.225 99.900 21.688
202106 18.920 99.500 21.430
202109 19.979 100.100 22.494
202112 20.474 100.100 23.051
202203 20.927 101.100 23.328
202206 19.561 101.800 21.655
202209 19.997 103.100 21.859
202212 19.464 104.100 21.072
202303 21.158 104.400 22.840
202306 20.400 105.200 21.854
202309 20.581 106.200 21.841
202312 20.618 106.800 21.757
202403 21.019 107.200 22.097
202406 20.876 108.200 21.744
202409 21.546 108.900 22.298
202412 22.331 110.700 22.734
202503 22.336 111.100 22.658
202506 22.038 111.700 22.235
202509 22.949 112.000 23.092
202512 22.690 113.000 22.630
202603 22.242 112.700 22.242

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 2.14 mean?
ORIX (FRA:OIXA) has a Cyclically Adjusted PB Ratio of 2.14 as of Jul. 29, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on ORIX and its competitors. This is 84% above median its historical median of 1.16. Over the past decade, ORIX's Cyclically Adjusted PB Ratio has ranged from 0.65 to 2.22. According to the industry distribution chart, ORIX ranks #63 out of 94 companies in the Diversified Financial Services industry, placing it in the top 67%.
Is ORIX's Cyclically Adjusted PB Ratio too high?
ORIX's current Cyclically Adjusted PB Ratio of 2.14 is 84% above median its 10-year median of 1.16. Over the past 10 years, this metric has ranged from a low of 0.65 to a high of 2.22. The Diversified Financial Services industry median Cyclically Adjusted PB Ratio is 1.47. ORIX's value of 2.14 is 45.6% above this industry median. Based on the distribution chart, ORIX ranks #63 out of 94 companies in the Diversified Financial Services industry, which is below the industry midpoint. Overall, ORIX has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ORIX's Cyclically Adjusted PB Ratio compare to FRHC and VOYA?
According to the Diversified Financial Services industry distribution chart, ORIX ranks #63 out of 94 companies for Cyclically Adjusted PB Ratio. This places ORIX in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.47. ORIX's value of 2.14 is 45.6% above this benchmark. Historically, ORIX's own Cyclically Adjusted PB Ratio has ranged from 0.65 to 2.22 over the past decade. While the company's 10-year median is 1.16 vs. the industry median of 1.47, ORIX has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Diversified Financial Services company?
The median Cyclically Adjusted PB Ratio among Diversified Financial Services companies is 1.47, based on 94 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ORIX's current Cyclically Adjusted PB Ratio of 2.14 is 45.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on ORIX and its competitors. For the Diversified Financial Services industry, the median Cyclically Adjusted PB Ratio is 1.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ORIX's current Cyclically Adjusted PB Ratio is 2.14, which is 84% above median its own 10-year median of 1.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ORIX stock overvalued right now?
Based on GuruFocus' analysis, ORIX (FRA:OIXA) is currently considered Modestly Overvalued. The stock's GF Value™ is €26.81, compared to a current price of €33.60 — trading 25.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.14, which is 84% above median its 10-year median of 1.16 and 45.6% above the Diversified Financial Services industry median of 1.47. ORIX's overall GF Score™ is 71/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For ORIX (FRA:OIXA), the current Cyclically Adjusted PB Ratio is 2.14 as of Jul. 29, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is ORIX (FRA:OIXA) Overvalued in 2026?

Based on GuruFocus' analysis, ORIX stock appears to be overvalued. The current stock price of €33.60 is trading 25.3% above its estimated GF Value™ of €26.81. GuruFocus considers ORIX to be Modestly Overvalued.

Key valuation signals for FRA:OIXA:

  • Cyclically Adjusted PB Ratio: 2.14 (84% above median its 10-year median of 1.16)
  • GF Value™: €26.81 vs. price of €33.60 (25.3% above fair value)
  • GF Score™: 71/100 with 7 warning signs
  • Industry Position: 45.6% above the Diversified Financial Services median (#63 of 94)

No single metric tells the full story. See the FRA:OIXA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ORIX Business Description

Address 2-4-1 Hamamatsu-cho, World Trade Center Building, South Tower, Minato-ku, Tokyo, JPN, 105-5135
ORIX Corp is a diversified financial services company with operations in Corporate Financial Services, Maintenance Leasing, Real Estate, PE Investment and Concession, Environment and Energy, Insurance, Banking and Credit, Aircraft and Ships, ORIX USA, ORIX Europe, Asia, and Australia and engages in various other fee businesses by providing products and services aligned with customer needs to its core customer base of domestic small and medium-sized enterprises. Orix's numerous divisions finance leases of large-ticket items like ships, airplanes, and technology equipment. The company generates the majority of its revenue from Corporate Financial Services and Maintenance Leasing operations and Real Estate operations.
71GF Score

Get the complete analysis for FRA:OIXA

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€33.60
Price
€26.81
GF Value